SGX FX taps MUFG as new liquidity provider

The partnership aims to provide an extensive level of liquidity. 

SGX FX announced the addition of Mitsubishi UFJ Financial Group, Inc. (MUFG) to its eFX trading solutions platform as a liquidity provider. 

MUFG, which has operations in over 50 countries, will use its expertise in Asian currencies, particularly Japanese Yen to help strengthen SGX FX’s market position by providing better pricing and reducing transaction costs for clients.

“MUFG’s extensive banking roots in Japan and robust client base enrich our ecosystem, offering workflows that promise to significantly reduce transaction costs across various deal types and currencies,” said Jean-Philippe Malé, President of SGX FX. 

Both companies expect the partnership to benefit their clients and the broader industry.